MBO at Park Cakes provides exit for Vision Capital Subscription
Own-label cake manufacturer Park Cakes has been sold by private equity owner Vision Capital to the business’ management team for an undisclosed amount.
Private equity house CapVest is understood to be close to sealing a deal to buyout UK pork processor Karro Food Group from Endless private equity house and management.
Pork processor Karro Food Group is set to be snapped up by new private equity owners in a deal worth about £180m after a turnaround by backers Endless.
Yorkshire Game snapped up ahead of retail push Subscription
Game and venison supplier Yorkshire Game has been acquired by former Symington’s CEO David Salkeld meat industry veteran Adrian Lyons in a bid to get more wild products in the supermarket meat aisles
The jv formalises an eight-year trading relationship between the two companies
Unilever boss Paul Polman has called on the Government to tighten up UK takeover rules after the Anglo-Dutch Marmite producer successfully saw off a £115bn bid approach from Kraft Heinz last month. Plus retail shares suffer and all the rest of the latest news from the City
The Irish forecourt operator’s acquisition was overseen by business property adviser Christie & Co…
VIP e-cig maker Must Have Limited put up for sale Subscription
Electronic vaping and e-cig company Must Have Limited, trading as VIP, has been put up for sale by administrators after failing to settle a multimillion-pound tax bill.
Barking Heads and Meowing Heads owner is the latest business in the fast-growing premium petcare sector to receive a private equity cash injection as Piper takes a minority stake.
Seabrook Crisps has appointed corporate advisors to explore strategic options, including overseas acquisitions, The Grocer can reveal.
Grenade snapped up by Lion Capital in £72m deal Subscription
Sports nutrition business Grenade has been acquired by private equity firm Lion Capital in a deal worth £72m.
The Grocer understands bid interest from other previously active suitors has ended…
Supplier reports “very strong performance” in its full-year results
Adelie looks to rebuild under new owners ICG Subscription
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group.
Euro Garages intends to re-open the sites within the next few weeks after refurbishment
Glanbia has agreed to sell off a controlling stake in its Irish diary business to the Glanbia Co-operative Society for €112m (£94.8m).
Kraft Heinz withdraws 'mega merger' bid for Unilever Subscription
The two companies have issued a statement saying Kraft Heinz has ‘amicably’ withdrawn the bid
Kraft Heinz has announced it has made a “comprehensive” proposal to Unilever to combine the two groups, which the UK-listed firm has firmly rejected
The purchase is likely to face close scrutiny by the CMA given Hain’s ownership of New Covent Garden Soup Co
The CMA is looking into whether the £403m deal would reduce competition and choice for customers
Heineken has acquired the Brazilian operation of Japanese brewer Kirin for €664m (£563.4m) as it battles to keep up with AB InBev in the wake of the AB InBev mega-merger with SAB Miller
The Co-op puts Bank up for sale Subscription
Flatlining interest rates and high transformation costs put a spoke in bank’s plans for organic growth
The successful completion of Tesco’s merger with wholesale giant Booker hinges on around 400 stores
Fyffes takeover deal gets go-ahead from the EC Subscription
Fyffes said the EC had determined it would “not oppose the acquisition”
Food packaging producer Excelsior Technologies has been snapped up for £33m by global firm Mondi Group.
Reports that Unilever is preparing to sell off its spreads business make sense as the group looks to return cash to shareholders, but ‘Sprexit’ alone won’t be enough to satisfy its increasingly demanding investors.
Mergers and acquisitions pose the question of how to maximise the value and growth potential of a portfolio of brands
Polman must act. And fast. Subscription
That was awkward. The barbarians are at the gate. Two days later they’ve sloped home
Will Warren Buffett and his Kraft-Heinz mob be back? Subscription
The £115bn bid for Unilever has been called off, but it’s sent shockwaves through the fmcg sector
With the announcement that the offer is off the table from the Americans, we ask where does all this manouvering leave Unilever and Kraft Heinz?
Unilever’s strongly worded rejection of Kraft Heinz’s £115bn approach today did not sound like the words of a board about to roll over and accept a slightly higher offer.
What happens now? How likely is Kraft Heinz to up its bid price? And will CEO Paul Polman allow the company to slip from his control?
Leading City analysts react to Kraft Heinz’s bid for Unilever
David Sables of Sentinel Management Consultants explains how suppliers should best approach negotiations with Tesco and Booker
It is great to hear that everyone will benefit from the Tesco ‘merger’ with Booker - but it’s also somewhat disingenuous
Tesco-Booker merger: all you need to know Subscription
What is the rationale, and who will the winners and losers be? What’s the view of the City?
The proposed merger of Booker and Tesco is very big news for the smaller store end of British grocery retail